$SYN Short Liquidation Analysis

💥 Current Short Liquidation: $5.0536K, Price: $0.65191

Market Overview

$SYN (Synapse) has experienced a notable short liquidation at $0.65191, signaling a shift towards bullish sentiment. This could pave the way for an uptrend if the buying pressure continues, offering a potential entry point for long positions.

Trading Strategy: Buy Plan

Here's a clear and simple roadmap to trade SYN:

Buy Zone

Entry Range: $0.6400 to $0.6550

Tip: Look for a slight pullback or consolidation in this range before entering a position.

Targets (Take Profits)

Target 1 (Short-Term): $0.6750

Target 2 (Mid-Term): $0.7000

Target 3 (Long-Term): $0.7500

Stop Loss

Stop Loss Level: $0.6200

Reason: A drop below this level could indicate the end of the bullish momentum.

Key Tips for Traders

1. Volume Confirmation: Ensure there's strong buying volume around your entry point to confirm the bullish move.

2. Risk Management: Risk only 1-2% of your total portfolio to minimize losses and protect your capital.

3. Market Sentiment: Stay updated on any Synapse-related news or developments that could quickly influence price action.

🚀 Possible Scenario: If $SYN breaks through $0.6750 with strong momentum, it could easily test $0.7000 and even $0.7500. Stick to your plan, manage your risk, and adjust your stop loss as the price rises to lock in profits.

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